Concerned about excess global inflation, recession of the world economy, European energy crisis, the Chinese government tightened border gates with the measure “Zéro – covid”, causing the world pepper export market to be affected. seriously affected…
Read more : >> Vietnam: export lake June 2022 consumption continues to decrease in both quantity and price.
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According to the preliminary data report of the General Department of Vietnam Customs, pepper exports in July 2022 reached 19,013 tons of pepper of all kinds, down 5,197 tons, ie down 21.47% over the previous month and down 7,217 tons, ie down 27.51% over the same period last year.
Export turnover in the month reached 80.12 million USD, down 19.95 million USD, or 19.94% compared to the previous month and down 14.77 million USD, or 15.57% decrease over the same period last year. last year.
The cumulative export volume of pepper in the first 7 months of 2022 reached a total of 142,557 tons of pepper of all kinds, down 37,631 tons, or 20.88% lower than the export volume in the first 7 months of 2021.
In terms of export value in the first 7 months of 2022, a total of 639.84 million USD, an increase of 48.33 million USD, or 8.17% increase over the same period.
The average export price of pepper in July 2022 reached $4,214 per ton, up 1.94% compared to the average export price of June 2022.
The European – American and Middle Eastern markets are flocking to Brazil to buy new crops due to lower logistics costs and softer prices. While the Chinese market still has an unresolved real estate crisis, the outbreak of a new Omicron variant has caused the Government to return to maintain the “Zéro – covid” policy, making pepper prices unable to prosper in the short term. . The soaring coffee prices also contributed to putting pepper prices at a disadvantage.
